Peter Armstrong

Peter Armstrong, a senior business reporter at CBC, dives deep into the trade war's fallout. He discusses how the U.S. tariffs could potentially impact the Canadian economy by $160 billion, particularly in sectors like energy and automotive. Armstrong highlights the implications for everyday products—think beer and fruits—reflecting on how these trade tensions affect the average Canadian. He also shares insights into Canada's retaliatory measures, drawing intriguing parallels to historical trade conflicts.

Senior CBC business reporter Peter Armstrong discusses Tesla's struggles in the EV market, including sales decline and stock plummeting. The podcast explores the challenges faced by Tesla, its shift in strategy to reach the mass market, and the broader slowdown in the North American EV industry. Canada's significant investments in the EV sector and the debate over supporting international vs. local companies are also highlighted.

In this insightful discussion, Armine Yalnizyan, an expert economist focused on workers' futures, and Peter Armstrong, CBC's senior business reporter, tackle the chaos in the stock market. They delve into how Trump's tariffs are impacting Canadian investments and pensions, raising concerns about everyday costs. The duo explore the volatility in Asian markets amidst U.S.-China tensions and discuss the potential for a recession, job losses, and inflation. Their analysis also emphasizes the need for effective political leadership during these challenging times.